Binance Launchpool: Earn Ethena (ENA) Tokens By Staking BNB Or FDUSD
The leading cryptocurrency exchange, Binance, has announced Ethena as the next project featured on their Binance Launchpool staking platform.
Until April 1, you can earn Ethena (ENA) tokens on Binance simply by staking your BNB or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the ENA token rewards.
You can earn ENA on Binance Launchpool between March 30 and April 1. The amount of token rewards you earn will depend on how many coins you stake.
Earn ENA Token on Binance
Binance plans to distribute 2% of the total ENA token supply to users on Launchpool. This translates to 300 million ENA tokens out of a total supply of 15 billion tokens.
80% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 20% of the rewards. However, this doesn’t necessarily mean that you will earn more ENA if you stake BNB rather than the stablecoin. It all depends on how big the size of your stake is relative to the size of the entire staking pool.
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